Intercontinental Oil and Gas responds to Middle Eastern business: Iraq business is proceeding as normal and capacity release is expected by 2027.
The geopolitical situation in the Middle East remains tense, causing global concerns about oil supply. The A-share oil and gas sector surged in response, with many listed companies having business in the Middle East region. Calling as an investor, a receptionist at Intercontinental Oil and Gas stated that the company's business in Iraq is currently operating normally, and production capacity is expected to be released in 2027.
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